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Mortgage Market Update
My Mortgage Company
Shantian Simmons's Account
Thursday, September 17, 2026
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Do you know how much equity you have? |
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I work with homeowners every week who are surprised to learn they have more equity than they realized. Here's why that matters.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Home Equity
Your home's value is working for you
As a homeowner, you're building equity with every payment you make. That equity—the difference between what your home is worth and what you owe on it—is a real financial asset. If your home has appreciated or you've paid down your loan significantly, you may have options you don't realize exist: a cash-out refinance to fund repairs or other goals, a home equity loan for a specific project, or simply the peace of mind knowing you own more of your home than you did a year ago. The sooner you understand what your equity position really is, the sooner you can make informed decisions about it. Let's talk about what your situation looks like and what might make sense for you. Reach out if you'd like to review your equity and explore what options might be available.
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Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
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Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
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1.
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USDA loans offer 100% financing (no down payment) for eligible properties in USDA-designated rural and suburban areas. The USDA's eligibility map may include areas closer to cities than you'd expect.
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2.
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USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
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3.
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There's an upfront guarantee fee (1% of the loan) and an annual fee (0.35% of the balance). These are lower than FHA mortgage insurance and can be rolled into the loan.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Shantian Simmons's Account
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